I am shifting to a new company. Here i am offered 5lakhs package. So According to govt rules upto 2lakhs no tax deduction so for rest of my 3 lakhs which i earned do i need to pay tax or for the whole 5lakhs i have to pay tax? please help me out :) So for the 5 lakhs roughly will i need to pay 30,000 as tax or 50,000 as tax?
My 2nd question is If its exactly 5 lakhs in which tax slab i will fall, is it in 20% tax slab or 10% tax slab.
Thanks in Advance.
My 2nd question is If its exactly 5 lakhs in which tax slab i will fall, is it in 20% tax slab or 10% tax slab.
Thanks in Advance.